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Viewpoints about 'Perspective'
Evolution and Innovation
What Darwin can teach business about innovation, survival and growth
The theory of "biological evolution of species" proposed by Charles Darwin in 1859 could very well have been the “evolution of businesses". The concept of survival of fittest is as true for businesses as it is for living organisms. Read More
Topics: Culture, Ideation, Innovation, IP, Leadership, Leadership Team, Manufacturing, New Product Development, Perspective, Portfolio Management, Product Development, Strategic Innovation, Strategy
Improving Knowledge Sharing Across Product Development Teams
If three-ring binders and file cabinets still clutter the marketing and research offices in your organization, this podcast is for you. Matt Priest follows up his viewpoint Reference Books and Libraries – So “Yesterday” by describing the three steps needed to improve knowledge sharing across product development teams, and revealing some real-world benefits and results. Read More
Topics: Advanced Information Access, Data Management, Data Tracking, Enterprise Information Systems, Innovation, Innovation Articles, Innovation Data, Innovation Teams, Knowledge Capture, Knowledge Management, Knowledge Sharing, Kpod, Matt Priest, Perspective, Podcast, Product Development, Product Development Data, Product Development Teams
Complexity Reduction Part 2: The CFO’s Imperative to Drive Growth
A previous viewpoint, Complexity Reduction Part 1: Governance Sets the Foundation for Success, discussed two critical elements for laying the groundwork for a complexity reduction initiative - sustaining the involvement of the C‐suite and establishing a process owner. This second viewpoint of the series focuses on the specific role of the CFO in complexity reduction: expectations, key success factors, and types of savings. Read More
Topics: CFO, Complexity Management, Complexity Reduction, Cost Reduction, Governance, Perspective, Portfolio Complexity, Portfolio Management, Portfolio Prioritization, Portfolio Rationalization, Portfolio Review, Process Owner, SKU Rationalization, Strategic Governance
Social Media and Product Innovation
Early Adopters Reaping Benefits amidst Challenge and Uncertainty
This white paper explores social product innovation trends, shares results and use cases from our research and provides practical recommendations for companies looking to get started. Read More
Topics: E 2.0, E20, Enterprise 2.0, FEI, Front End of Innovation, Innovation, New Product Development, NPD, NPI, Perspective, PLM, PLM Strategy, Product Development, Product Innovation, Product Launch, Product Lifecycle Management, Product Management, Social Computing, Social Innovation, Social Media, Social Networking, Social Product Innovation, Web 2.0
Reference Books and Libraries – So “Yesterday”
New Knowledge Sharing for Product Development Teams
Exploration and learning today are more likely done through online resources like Google, online research and scholarly journals, Wikis and blogs. So what does this mean for innovation and product development research processes? Read More
Topics: Advanced Information Access, Data Management, Data Tracking, Enterprise Information Systems, Innovation, Innovation Articles, Innovation Data, Innovation Teams, Knowledge Capture, Knowledge Management, Knowledge Sharing, Matt Priest, Perspective, Product Development Data, Product Development Teams
Complexity Reduction Part 1
Governance Sets the Foundation for Success
For a tree to grow tall and strong, regular pruning is required. Removing broken, diseased or damaged limbs encourages faster growth. The same applies to businesses. Some of the smartest CEOs realize that to grow their company they must periodically prune their product portfolio. Read More
Topics: Complexity Management, Complexity Reduction, Governance, Perspective, Portfolio Complexity, Portfolio Management, Portfolio Prioritization, Portfolio Rationalization, Portfolio Review, Process Owner, SKU Rationalization, Strategic Governance
Embracing Quick Wins… and Quick Losses
When moving a new product or service through the development cycle, there are generally four outcomes a New Product Development (NPD) team can expect. Two of these outcomes are especially good – although which ones they are might surprise you. It may seem counterintuitive, but one of the positive outcomes does not result in revenue – or even a product – and organizations must learn to embrace this notion. Read More
Topics: Innovation, Innovation Leadership, Innovation Teams, Intellectual Property, IP, Marketing, NPD, Perspective, Product Development, R&D
Price Your Way to Better Profit Margins
A Simple 3-Step Approach to Effective Transaction Management
When times are tough and consumer demand drops, companies feel great pressure to reduce prices. The urge to manipulate pricing to hold or grow market share becomes unbearable. This knee-jerk response to a challenging economic environment often results in massive price discounts to customers across the board, with the attendant erosion in profit margins. Read More
Topics: Change Management, Perspective, Pocket Margins, Pricing, Pricing Execution, Pricing Strategy, Profit Leakage, Profit Margins, Profit Potential, Segmentation, Strategy, Transaction Management, Value, Value Capture, Value Creation, Value Management, Value Maps
PLM Emerges as the Key Innovation Driver for CPG
With 2010 coming to a close, the consumer packaged goods (CPG) industry is looking to drive innovation and improve new product success in the next decade. However, many companies are attempting to do so with fewer resources — and often with leaders who lack awareness or ability to change their old ways of doing business. Read More
Topics: Consumer, Consumer Goods, Consumer Products, CPG, Innovation, Perspective, PLM, Product Data Management, Product Data Model, Product Data Record, Product Development, Product Innovation, Product Launch, Product Lifecycle Management, Product Management, Product Quality
Protecting and Managing Your Intellectual Property
It’s not just for legal teams anymore
A company’s intellectual property (IP) portfolio is often one of its most valuable and strategic assets. Even though IP creation and reuse is an integral component of an effective innovation process, IP management and oversight typically is relegated to corporate legal groups. Read More
Topics: Intellectual Assets, Intellectual Property, IP, IP Licensing, IP Management, IP Portfolio, IP Protection, Perspective
Achieving Unified Product Development and Commercial Launch
Four Leading Practices for Healthcare Product Companies
Many healthcare product companies today struggle to drive effective collaboration across functions in product development and launch. If marketing and R&D can’t work together internally, how can we expect them to effectively collaborate with external partners in a more advanced and open development process? Read More
Topics: Collaboration, Commercialization, Greg Adkins, Healthcare, Marketing, Perspective, Phase-Gate, Portfolio Management, PPM, PPM Software, Product Development, Product Innovation, Product Launch, R&D, R&D Leadership, R&D Management, Roadmap, Roadmapping
Value Capture in the Medical Device Industry
Five Pricing and Value Challenges from Our Medical Device Poll
The medical device industry is under greater pressure now than at any other time in its long and profitable history. The pressure comes from all quarters: politicians, regulators, pundits, payers, consumers, buyers, and of course competitors. Innovation has been a trademark for the industry, with many of the leading players investing well over 10 percent of revenues in research and development. Read More
Topics: Innovation, Medical Device, Perspective, Pricing, Pricing Strategy, Value, Value Capture, Value Creation, Value Management
Excuses, Excuses: A Simple Equation for Innovation Success
A bad economy, globalization, consumer attention deficit disorder, lack of resources, poor technology infrastructure, corporate politics, bad luck and loads of other excuses exist in companies that are not getting good innovation results. It’s just doggone hard. But what in life isn’t hard? Read More
Topics: Innovation, Innovation Strategy, Perspective, Portfolio Management, Roadmap, Roadmapping, Strategic Roadmapping, Strategy
You May Need a Stranger on Your Portfolio Review Committee
Formal innovation portfolio review processes often fail because of the human, subjective aspect of the process. In response, many leading companies are bringing in knowledgeable outsiders to help guide their innovation portfolio investment decisions. This is a sensitive area so there are a handful of leading practices that should be considered when including an outsider in the review process. Read More
Topics: Perspective, Portfolio Committee, Portfolio Investment, Portfolio Management, Portfolio Prioritization, Portfolio Rationalization, Portfolio Review, Product Development, Third Party
Your Consumer’s Virtual World
A Whole New Consumer Immersion Opportunity
Social media and consumer immersion are both hot topics in the field of market research. This viewpoint examines the opportunity to blend social media and consumer immersion techniques to add a new dimension to traditional market research. Read More
Topics: Consumer Goods, Consumer Immersion, Consumer Insights, Consumer Products, Perspective, Social Computing, Social Media, Social Networking, Social Product Development, Social Product Innovation
Balance Your Product Development Process with PAM
Put an end to packaging artwork disasters
It’s a product developer’s nightmare… a language translation error on your company’s product causes a product recall, or the 800 number on your product’s packaging connects callers to an adult phone line. These types of mistakes may seem farfetched but unfortunately, they happen far too often. Read More
Topics: Artwork, Artwork Management, Consumer Goods, Consumer Products, Consumer Safety, CPG, Label Claims, Life Sciences, Packaging, Packaging Artwork Management, Packaging Management, Perspective, PLM, PLM Systems, Product Development, Product Lifecycle Management
PLM Vivo: Rapid Deployment Product Lifecycle Management for Food & Beverage
This white paper discusses current Food & Beverage industry challenges, the urgent need for traceability, the price of no visibility into the supply chain, and how product lifecycle management (PLM) solutions can drive innovation and growth. Read More
Topics: Agile PLM, Consumer, Consumer Goods, Consumer Products, Consumer Safety, CPG, F&B, Food and Beverage, Food Manufacturing, Food Recall, Food Safety, Formulation Control, George Young, Innovation, Innovation Articles, Innovation White Paper, Oracle, Oracle Agile, Perspective, PLM, PLM for Process, PLM Framework, PLM Implementation, PLM Implementation Consultants, PLM Implementation Consulting, PLM Implementation Methodology, PLM Partners, PLM Strategy, PLM Strategy Consulting, PLM System Implementation, PLM Systems, PLM Systems Evaluation, PLM Systems Implementation, PLM Systems Selection, PLM Vivo, Product Data Model, Product Data Record, Product Development, Product Innovation, Product Lifecycle Management, Product Lifecycle Management Consultants, Product Lifecycle Management Consulting, Product Quality, Product Recall, Product Recalls, Product Safety, Traceability, Vivo
How to Run R&D Like a Business
If we were to poll research and development (R&D) leaders, most would probably agree that the demands placed on their function continue to grow while headcount and budget rarely increase commensurate with growth expectations. This was particularly true during the Great Recession, and now, in its aftermath, recovery is expected to be slow and likely bumpy. All of which makes for very challenging times to be an R&D leader. Read More
Topics: Innovation, IP Management, Operations, Perspective, Project Management, Project Portfolio Management, R&D, R&D Investment, R&D Leadership, R&D Management, R&D Management Framework, R&D Strategy, Regulatory Compliance, Sourcing, Talent Management
CPG Innovation: Increase Collaboration, Avoid Collisions
“Avoiding a Consumer Products and Retailer Collision" by Steve Steutermann and Kevin Sterneckert of Gartner shows that “companies are not utilizing scorecards to measure new product launch (NPL) success or pre- and post-launch execution, despite the importance of innovation and NPL in the marketplace” which, unfortunately, is not surprising. Read More
Topics: Collaboration, CPG, Innovation, Measuring Innovation, Metrics, New Product Introduction, New Product Launch, Perspective, Product Innovation, Product Launch, Products
Put Your NPI Process Pedal to the Metal with PTC Windchill
Time to market challenges, cost pressures, changing environmental and regulatory requirements, and ever-increasing customer expectations have companies wondering, “How can we continue to innovate while shrinking product development cycle times and reducing development costs?” Challenges like these are driving companies to reengineer their new product introduction (NPI) processes. Read More
Topics: New Product Introduction, NPI, Perspective, PLM, Product Lifecycle Management, PTC, PTC PLM, PTC User, PTC Windchill, Windchill
Assess Your Assets: What’s in Your Attic?
Low-cost innovation shouldn’t mean boring or incremental innovation. Sometimes true innovation is as easy (and inexpensive) as evaluating the technologies and capabilities you currently have and expanding them to a new industry or customer base. In the current economy, building a competency in asset evaluation and creativity could make the difference. Read More
Topics: Commercialization, Innovation, Intellectual Assets, Intellectual Property, IP, Line Extensions, Perspective
Client Snapshot: 5 Practices for Successful Co-Development
Moving away from DIY (“do it yourself”) innovation and collaborating with development partners outside an organization’s four walls is nothing new. Today’s companies are proactively teaming up with customers, suppliers, and universities to develop new products and solutions, and this trend is continuing to grow. However, too many companies are approaching this “co-development” with an ad hoc or opportunistic approach, and as a result, are only achieving pockets of success. Read More
Topics: Co-Development, Collaboration, Collaborative Innovation, Cooperative Development, Healthcare, Innovation, Perspective, Quality Management, R&D, Supply Chain
Traceability: Supply Chain Blind Spots Carry High Costs
Food safety issues are increasingly front-page news as consumers over the last several years have read about food contamination crises such as ground beef, spinach, peanuts, and cookie dough. Each incident poses a safety issue for consumers and a high cost in both dollars and brand reputation for food and beverage (F&B) manufacturers. Read More
Topics: Brand Protection, Consumer, Consumer Safety, F&B, FDA, Food and Beverage, Food Manufacturing, Food Recall, Food Safety, Perspective, Product Recall, Regulations, Regulatory Compliance, Supply Chain, Traceability
Price vs. Value Management: Not Understanding the Difference Will Cost You
There are many abused and overused words and phrases in business language. The pricing strategy space isn’t immune to this. Many executives, marketers, and pricing experts use the terms price and value management interchangeably, and then wonder why their products aren’t selling like the pricing models say they should. What do these words really mean and why does it matter to your business? Read More
Topics: Perspective, Pricing, Value, Value Capture, Value Management
Keep Your Eyes on the Prize
Building a Consulting Career in a Post-Recession Economy
As an eager beaver MBA student beginning my second year, there was one thing, and one thing only, on my mind—finding that perfect job. That ideal first step out of the gate. That leap in to the “real world” in which I would quickly sink or swim. Graduation day was my goal line, after which I would be home free. The only problem was…my graduation was on May 15, 2009, right in the middle of arguably one of the worst economic recessions in history. Read More
Topics: Careers, Kalypsonians, Perspective
Beyond Compliance: Medical Device Product Development
Kalypso has spent the last several years exploring how leading medical device companies - from startups to multibillion dollar enterprises - are balancing new product development with compliance requirements. Finding the right balance between what can seem like competing objectives, and understanding how leading companies are doing so, is the focus of this paper. Read More
Topics: Compliance, Decision Making, FDA, FDA Compliance, FDA Regulations, Innovation, Medical Device, Noel Sobelman, Perspective, Product Development, Project Governance
Now That Your Product Portfolio Management Implementation is Complete, Where is the ROI?
A Business Case is More Than a Calculator
Many of us have experienced the trials and tribulations of product and portfolio management (PPM) process and technology implementations in new product development. Finally completing an implementation after the business case justification, executive alignment, software acquisition, design, testing, training and data loading can be somewhat anti-climactic. Read More
Topics: Business Case, Implementation, Perspective, Portfolio Management, PPM, PPM Software, Project Portfolio Management, ROI, Software Implementation
Bowl Championship Series Rankings & New Product Development Scoring Systems
A computer does not adequately account for heart and character
So my Longhorns lost the Bowl Championship Series (BCS) National Championship game to a team named after an algae bloom. Not that I am bitter, but I believe that Sandra Bullock deserves to win Best Actress for pretending to be all hot and bothered when meeting Nick Saban in The Blind Side. I don’t like that guy and neither does she. Read More
Topics: Bill Poston, Innovation, New Product Development, NPD, Perspective, Pipeline Management, Portfolio Management, Portfolio Prioritization, Portfolio Rationalization, PPM, Project Selection, Scoring Systems
Increased Regulatory Compliance in CPG: 4 Reasons Why Industry Leaders Aren’t Losing Sleep
Many companies in CPG and other highly regulated industries are experiencing increased regulatory scrutiny. This viewpoint discusses four best practices of industry leaders for managing changing regulations. Read More
Topics: Compliance, Consumer Goods, Consumer Products, CPG, F&B, Food and Beverage, Perspective, PLM, Product Lifecycle Management, Product Recalls, Regulatory Compliance
Before You Partner With Others, Get Your Own House In Order
Many CPG companies are jumping into the hot field of external collaboration. In this article, we examine why that frequently fails and what companies should consider before aligning with a partner. Read More
Topics: Collaborative Innovation, Consumer Goods, Consumer Products, CPG, Mick Broekhof, Perspective, Retail
Re-igniting the Innovation Engine: Renew the Focus on People
This article discusses the significance of developing an organization's leadership and people to execute the strategy, process, and technology of innovation. Read More
Topics: Innovation, Innovation Leadership, Leadership, Learning, Perspective
Fuel Innovation with Disciplined Value Capture
This paper discusses the linkage of value capture to product innovation and how to ensure the full profit potential is achieved for each incremental improvement or enhancement in a product. Read More
Topics: Brian Sharp, Greg Adkins, High Tech, Innovation, Perspective, Pricing, Value Capture, Value Management
Collaborative Innovation: How CPG Manufacturers & Retailers Can Partner for Profit
Kalypso conducted a research study with thirty global consumer goods manufacturers, retailers, and brokers to better understand how manufacturers and retailers are working together to drive profitability and deliver innovative products. Read More
Topics: Collaboration, Collaborative Innovation, Consumer, Consumer Goods, CPG, Food and Beverage, Food Manufacturing, Go to Market, Innovation, Innovation Strategy, Joint Business Planning, Open Innovation, Organizational Alignment, Partnerships, Perspective, Retail, Retailers
Your Approach to Training Can Be the Difference: 5 Effective Ways to Deliver Real PLM Results
Taking the right approach to training on PLM concepts and roles by developing a sustainable training program can help you achieve a successful PLM implementation. Read More
Topics: Learning, Perspective, PLM, Training
Piloting Your Way to PLM Profits: Engage the Organization or Run the Risk of Failure
Execute a pilot that engages your organization and delivers real PLM results. Read More
Topics: Perspective, PLM
Complexity Management Webcast: Drive Cost Savings to Fund the Future
This presentation was given by Scott Gamble and Brian Sharp during the webcast “Drive Cost Savings to Fund the Future with Complexity Management.” Read More
Topics: Complexity Management, Cost Reduction, Perspective, Portfolio Management, Product Rationalization
Product Lifecycle Management Transformation: The Journey to Best-in-Class Product Development
Maybe the collective corporate hangover from large-scale investments in information systems is starting to fade. The results of recent Product Lifecycle Management (PLM) benchmark reports demonstrate that some companies are getting over their hangovers faster than others – and have learned a few lessons along the way. Read More
Topics: Bill Poston, Innovation, Perspective, PLM, PLM Software, PLM Strategy, PLM Systems, PLM Transformation, Product Development, Product Lifecycle Management, Strategy
PLM Transformation in CPG
CPG companies are showing growing interest in the results achieved with PLM, due to industry factors and recognition of the significant gains attained in the high tech, aerospace and automotive industries. Read More
Topics: CPG, Perspective, PLM
Advanced Information Access: The Application of Search and Analytics in Product Development
Kalypso conducted interviews and independent research to understand how advanced information access technologies can drive increasingly efficient innovation. Read More
Topics: Advanced Information Access, Perspective
Improving Traceability in CPG with PLM
PLM for CPG companies is maturing to help manufacturers guarantee compliance and allow traceability back and forward from any lifecycle state of a product, ingredient or process from concept to commercially-available product. Read More
Topics: Compliance, CPG, Perspective, PLM, Traceability